Silver Storm Mining
Primary ticker: TSXV:SVRS, OTCQB:SVRSF, FSE:SVR
Stage of development: Exploration, Development
Primary mineral: Silver
Project to promote: La Parrilla
Project location: Mexico
Website: www.silverstorm.ca
Corporate presentation: Click here
Silver Storm Mining Ltd. (formerly Golden Tag Resources Ltd.) is focused on advanced stage silver projects located in Durango, Mexico. Silver Storm recently completed the acquisition of the La Parrilla Silver Mine Complex, a prolific complex which is comprised of five underground mines and a past producing open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. Infrastructure also includes a 2,000 tpd mill.
Cash: CAD~3.2M
Debt: NIL
Major Shareholders:
First Majestic – 41%
Other Holders – 45%
Eric Sprott – 10.5%
Management Ownership – 3.5%
Financials
Management Profile
Greg McKenzie – Director, President and CEO
Mr. McKenzie (JD, MBA) is a former senior investment banker with more than 20 years of experience in financing, M&A, financial advisory, valuation, and strategic advice to mid-cap companies. Mr. McKenzie has held positions with Morgan Stanley, CIBC World Markets and Haywood Securities, and has been involved in transactions valued in excess of $18 billion. In addition to his capital market experience Mr. McKenzie previously practiced corporate law with a leading Canadian securities and M&A law firm.
What is your rationale for taking part in 121 Mining Investment?
We are seeking investors that are looking to invest in a low-risk, restart mining opportunity. The Company is targeting mid-2025 to restart operations at La Parrilla and will require further capital to reach that target, anticipated to be sub-$10 million. The Company would also appreciate investors willing to assist supporting the stock and increase its trading volumes on its listed exchanges (TSXV, OTCQB, and the FSE).
What recent news would you like to highlight to investors attending?
11th April 2024 – Silver Storm Announces Closing of Second and Final Tranche of Oversubscribed Non-Brokered Private Placement Offering, Including $3 Million Investment by Eric Sprott
9th April 2024 – Silver Storm Announces Upsize of Private Placement Offering for Up to $6.1 Million Including Investment by Eric Sprott
5th April 2024 – Silver Storm Announces Upsize Of Non-Brokered Private Placement Offering For Up To $3 Million
2nd April 2024 – Silver Storm Closes First Tranche of non-Brokered Private Placement Offering
13th March 2024 – Silver Storm Announces Non-Brokered Private Placement Offering of Up To $2 Million
22nd February 2024 – Silver Storm Drills 911 G/T Ag.Eq Over 13.05 M, Expanding C460 Zone 74 M At Depth
29th January 2024 – Silver Storm Drills 1,000 g/t Ag.Eq Over 5.25 m Identifies 370 m Of Vertical Continuity In San Nicolas Zone
4th January 2024 – Silver Storm Drills 1,810 g/t Ag.Eq Over 14.6 m In C460 Zone
5th December 2023 – Silver Storm Drills 500 G/T Ag.Eq Over 14.8 M In C1524 Zone
21st November 2023 – Silver Storm drills 436 g/t Ag.Eq over 4.5 m, approximately 97 m under last stope in Norte-Sur Zone
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete Phase 1 drilling announcements to the market and commence Phase 2 program at La Parrilla.
6 Months:
Continue Phase 2 drilling program and begin preparations for updated resource and restart mine plan at La Parrilla.
12 Months:
Completion of Phase 2 mine plan, release of updated resource and restart mine plan. Completion of financing to restart La Parrilla with mid-2025 production target.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Primarily raising enough in interim equity financing to complete the Phase 2 drill program, needed drive the updated resource and restart mine plan.
What do you think makes your company such a compelling investment?
We own the La Parrilla mine which operated profitably for +20 years and is in very good shape infrastructure-wise. Production restart will be low-risk and has relatively low capital requirements in the near-term (target of mid-2025). The company’s stock price is also at a very attractive entry-point for potential investors.
What are the top 3 key investor takeaways?
1. Clear, low-risk pathway to production.
2. Multiple upcoming catalysts (drill results, updated resource & mine plan)
3. Attractive valuation and re-rating potential